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Cleary Gottlieb elects Michael Gerstenzang as managing partner

Cleary Gottlieb Steen & Hamilton has elected Michael Gerstenzang as managing partner, effective 1 January 2017.

He will succeed managing partner Mark Leddy.
Gerstenzang is a leader in organising and advising private investment funds, including buyout funds, international funds, growth funds, special situations funds and other types of alternative asset investment vehicles.
He joined the firm’s New York office in 1992 and became a partner in 1999. From 1994 through 1996, he was resident in the Brussels office. 
Gerstenzang’s work on behalf of prominent global alternative asset managers has been broadly recognised, and he has long been ranked in Band 1 by Chambers & Partners in the fund formation area. 
He will continue his practice and will remain an active member of Cleary’s private investment funds team.
“Michael is a truly accomplished lawyer who deeply values the firm’s founding principles of collegiality, legal excellence and democratic governance,” says Leddy. “In his 24 years at Cleary, he has consistently demonstrated exceptional character, leadership and intellect. He embodies the internationalism that is at the core of our firm, and he will provide strong leadership as Cleary continues its tradition of innovation in the service of our clients around the world.”
“I am looking forward to taking on this new role,” says Gerstenzang. “As a firm, Cleary is focused on meeting the needs of our clients and strengthening our position as a global leader in providing innovative, pragmatic advice in complex situations. Accomplishing these goals requires a deep understanding of our clients’ business objectives and the environment in which they operate, and a commitment to client service as a core principle. For me, and for my colleagues at the firm, this approach is energising and exciting.”
Prior to joining Cleary, Gerstenzang served as law clerk to the Honourable Frank X. Altimari of the US Court of Appeals for the Second Circuit and as a legal assistant to the Honourable Richard C. Allison at the Iran-US Claims Tribunal in The Hague.
Leddy, who joined the firm as a partner in 1986, became managing partner in 2011 and has maintained an active practice that focuses on US and European antitrust law.

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